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Royal Mail (LON:RMG)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a research note issued on Wednesday, June 26th, Digital Look reports. They currently have a GBX 185 ($2.42) target price on the stock. Liberum Capital’s price objective would suggest a potential downside of 11.95% from the company’s current price.
A number of other analysts have also commented on the company. Berenberg Bank raised Royal Mail to a “hold” rating and reduced their target price for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. Credit Suisse Group reduced their target price on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a report on Wednesday, May 29th. Goldman Sachs Group raised Royal Mail to a “buy” rating and reduced their target price for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Royal Mail in a report on Wednesday, May 15th. Finally, Deutsche Bank cut their price objective on Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a “sell” rating for the company in a report on Tuesday, June 4th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
LON RMG traded up GBX 0.20 ($0.00) on Wednesday, hitting GBX 210.10 ($2.75). The company’s stock had a trading volume of 1,648,892 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.10 billion and a price-to-earnings ratio of 12.01. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The firm’s 50-day simple moving average is GBX 209.29. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 506.80 ($6.62).
In other news, insider Rico Back acquired 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have acquired 251,794 shares of company stock valued at $51,708,848 in the last three months.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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